Adolfo Dominguez SA said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to €1.2 million, compared with a loss of €192,080 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to negative 5.4% from negative 0.8% in the year-earlier period.
Total revenue declined 8.0% on an annual basis to €22.1 million from €24.0 million, and total operating expenses fell on an annual basis to €23.4 million from €23.7 million.
Reported net income came to a loss of €5.2 million, compared with a loss of €290,220 in the prior-year period.
